UK’s Deliveroo Signs Delivery Agreement With French Food Chain

The U.K. delivery service Deliveroo has formed an agreement with the French frozen food company Picard Groupe SAS to provide countrywide express deliveries.

As Bloomberg News reported on Monday (Nov. 15), the deal will see Deliveroo’s express delivery service offered in more than 100 cities throughout France.

The partnership marks Deliveroo’s third delivery with a major food provider in France, and is also part of the company’s larger effort to expand its rapid grocery offering and enjoy the fruits of a bustling quick-commerce sector. According to Deliveroo, grocery delivery makes up 7% of the total value of transactions on its app.

Deliveroo also plans to launch Hop — a rapid grocery delivery service that uses dark stores — in markets such as Hong Kong, France and Italy. The company also works with traditional supermarkets to deliver from their stores.

Picard, meanwhile, was the leader in a recent OC&C annual survey of France’s most favored retail brands, and has 1,050 shops throughout the country, Bloomberg noted.

Read more: Deliveroo Sees Bright Future, Increases Forecasts

Earlier this year, Deliveroo raised its revenue forecast for 2021 after seeing an 88% spike in quarterly food orders. The company had forecasted growth of 30 to 40%, but upped that to a gross transaction value of 50 to 60%.

Backed by Amazon, the company has connected customers with more than 115,000 grocers and eateries in the U.K. and numerous other countries, with a network of 100,000 drivers.

Read more: Germany’s Delivery Hero Predicts Rosy Revenue Forecast

The Deliveroo/Picard partnership comes just days after Deliveroo rival Delivery Hero made its own positive forecast, with CEO Niklas Ostberg saying the company expects to report revenue and gross merchandise volume at the top range of earlier predictions.

Delivery Hero, based in Germany, purchased a stake in Deliveroo earlier this year.

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